Paycheck Chronicles

Many Will See GI Bill Rates Increase Oct. 1

Pile of cash. Shutterstock
Pile of cash. Shutterstock

If you are one of the few remaining people that isn't using the Post-9/11 GI Bill you will be seeing an increase in your monthly payments beginning October 1. 

The annual cost-of-living allowance is being rolled out for all GI Bill programs except the Post-9/11 GI Bill which received its increase on August 1. 

Let's look at how much more you can expect to receive for the upcoming year.

Montgomery GI Bill - Active Duty

A full-time student using the Montgomery GI Bill - Active Duty will see their monthly payment increase from $1,924 to $1,994, while a half-time student will see an increase from $964 to $997. Check out all the rates here.

Montgomery GI Bill - Reserves

A full-time student using the Montgomery GI Bill - Reserves will see their monthly payment increase from $375 to $384, while a half-time student will see an increase from $187 to $191 Check out all the rates here.

Dependents Education Assistance

A full-time student using the Dependents Education Assistance Program will see their monthly payment increase from $1,041 to $1,224, while a half-time student will see an increase from $519 to $710. Check out all the rates here.

Post-9/11 GI Bill

The Post-9/11 GI Bill Monthly Housing Allowance and maximum amount payable for private school and online schools increased on Aug. 1, 2018. Check out those rates here.

Keep Up With Your Education Benefits

Whether you need a guide on how to use your GI Bill, want to take advantage of tuition assistance and scholarships, or get the lowdown on education benefits available for your family, Military.com can help. Sign up for a free Military.com membership to have education tips and benefits updates delivered directly to your inbox.

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